Phantom Ends Sui Support Amid Iran-US Tensions and Bitcoin's Bullish Hurdle

Crypto markets have held onto their recent gains, but remain volatile due to high leverage and escalating geopolitical tensions. The US Treasury has announced a financial campaign against Iran, which could impact oil prices, inflation, and global risk sentiment.

Phantom will end support for the Sui network on September 24, 2026, allowing users to move their assets or swap them for compatible tokens before the deadline. This decision follows Phantom's recent choice to drop Monad from its supported networks.

BTC still needs to reclaim its 50-week average of $81,822 on a weekly closing basis to confirm a bullish trend. With Bitcoin trading around $77,030 and a 24-hour volume of approximately $33.98 billion, it's crucial for the cryptocurrency to break past this level.